The ideas that I trade by:

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Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Fri Jun 17, 2016 3:05 pm

Nice, Mighty, you sneak, you... little mod to open the curtains.

For algo development I have always looked to game theory and infinite series - never to cause and effect, as conventional wisdom said that relationship wasn't there...
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Jun 20, 2016 2:48 pm

Loving the bar charts: H4, M5 (scale fixed), M1.

Imagine a P&F chart and trade the horizontal lines.

The H4 is spaced to 5% of the weekly range and the charts to the right are 2.5%.

Risk is 1.0551% over 3.5 lines and size is continually increased by a third until the decision is made to take profit.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Mon Jun 20, 2016 3:43 pm

MightyOne wrote:Loving the bar charts: H4, M5 (scale fixed), M1.

Imagine a P&F chart and trade the horizontal lines.

The H4 is spaced to 5% of the weekly range and the charts to the right are 2.5%.

Risk is 1.0551% over 3.5 lines and size is continually increased by a third until the decision is made to take profit.

EURUSD_BAR.png


Too funny, MO!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Jun 20, 2016 4:02 pm

TheRumpledOne wrote:
Too funny, MO!!


It all comes back to horizontal lines doesn't it... :lol:

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Mon Jun 20, 2016 9:30 pm

MightyOne wrote:
TheRumpledOne wrote:
Too funny, MO!!


It all comes back to horizontal lines doesn't it... :lol:


Yes due to the binary nature of trading. Up/Down, profit/loss, win/lose, etc...
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Re: The ideas that I trade by:

Postby TheRumpledOne » Mon Jun 20, 2016 9:31 pm

Hey MO:

Did you get my latest email?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 1:05 pm

TheRumpledOne wrote:Hey MO:

Did you get my latest email?


TRO wrote:...
What are the reasons you would enter long?

What are the reasons you would enter short?


It is easy to see but difficult to explain, TRO.

Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.

I use a 3.5 line stop loss:

if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Tue Jun 21, 2016 1:39 pm

What indicator are you using to draw your levels?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 1:59 pm

TheRumpledOne wrote:What indicator are you using to draw your levels?


I use the EIGHTSv4 indicator.

EDIT: Lines spaced to 2.5% of the median weekly range is what I define as "short term" trading.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Tue Jun 21, 2016 2:57 pm

Thanks MO.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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